Europe upstream in brief Report

Insight 23 January 2025

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Report summary

Welcome to the Europe upstream in brief where we bring you quick, responsive opinion and analysis on all that's going on in European oil and gas. The report provides rolling coverage of events, with stories posted to this page within 24 hours of any announcement, where possible. We offer critical insight and opinion on a wide range of topics from exploration and M&A to decarbonisation and the energy transition.

Value risks for Jackdaw & Rosebank as judicial review outcome awaits
The risks to midstream companies from declining North Sea production
Strong interest for Norway’s APA 2024 licensing round
Wells to watch 2025
ExxonMobil lights the spark at giant Electra prospect offshore Cyprus
Disappointing start to another big year for Norwegian exploration
Orlen announces ambitious gas and energy transition strategy
US sanctions set deadline for Serbia to acquire Gazpromneft’s stake in NIS
Troll field sets new gas production record in 2024
Jocelyn South rounds off a successful H2 2024 for UK exploration
Recent insights
- North Sea upstream: 5 things to look for in 2025 (Dec 2024)
- How big is the risk of accelerated decommissioning in the UK North Sea? (Dec 2024)
- Continental Europe upstream: 5 things to look for in 2025 (Dec 2024)
- Equinor and Shell announce combination of UK oil & gas businesses (Dec 2024)
- Post-EPL: is there a Phoenix in the ashes of the UK upstream sector? (Oct 2024)
- The quest for a new UK North Sea fiscal system (Sep 2024)
- Can Cyprus and Israel rescue Egypt from its gas slump? (Sep 2024)
- UK North Sea on the brink: why fiscal reform can't wait (Sep 2024)
- Shell and ExxonMobil divest Southern North Sea assets to Viaro (Aug 2024)
- Start-up at Cassiopea: Italy's most important gas development in decades (Aug 2024)
- Tenaz acquires NAM's offshore portfolio (Jul 2024)
- Carlyle group to buy Energean assets (Jul 2024)
- Shell enters Black Sea gas play
- North Sea upstream: 5 things to look for in 2025
- Johan Castberg start-up delayed to early 2025
- Three FIDs in one day - what does this mean for CCUS in the UK and Denmark?
- How big is the risk of accelerated decommissioning in the UK North Sea?
- Continental Europe upstream: 5 things to look for in 2025
- Equinor and Shell announce combination of UK oil & gas businesses
- Glengorm and Cheviot relinquished
- First UK start-up of the year at Talbot
- East Med-focused NewMed Energy enters Bulgaria’s Black Sea
- TPAO plans FPU installation to revive Sakarya development
- LUKOIL hopes for new Black Sea exploration campaign
- Norwegian State acquires ownership of the Gassled pipeline network
- UK relied on gas for over half its power needs last week
- Apache to shut down its UK fields before 2030
- Poland set for its first offshore exploration well in a decade
- Petrogas strikes gas at Baker – a hat-trick for UK exploration
- Equinor acquires Sval Energi’s interest in Haltenbanken East
- Harbour Energy strikes oil at Gilderoy in the UK Central North Sea
- Has there been a shift in Germany’s upstream operating environment?
- First UK discovery of the year at Selene
- First discovery made in Denmark since 2015
- Romania becomes the EU’s largest gas producer
- NSTA challenged on decision to approve shut-down of Gryphon FPSO
- Harbour set to high-grade its UK portfolio
- Final Investment Decision taken for Balder phase V
- Japex considering UK exit through the sale of Seagull
- Azerbaijani private firm enters Türkiye tight gas play
- Executive shake-ups at Deltic and NEO
- Norway government wins first round of appeal in environmental case
- Equinor acquires a 9.8% stake in Ørsted
- The quest for a new UK North Sea fiscal system
- Northern Lights Phase 1 is ready for CO 2
- OKEA divests 15% stake in Yme to Lime Petroleum
- Italy bans new oil exploration concessions but promotes domestic gas supply
- Can Cyprus and Israel rescue Egypt from its gas slump?
- Hungary announces first licensing round for 5 years
- Selene and Baker end 2024 UK exploration drought
- UK North Sea on the brink: why fiscal reform can't wait
- Tyrving start-up continues Aker BP’s impressive project delivery
- Eni commissions Italy's first CCS project with Ravenna CCS
- Chevron edges closer to agreeing an Aphrodite concept with Cyprus
- UK FIDs blocked as environmental assessments deferred
- Balder X start-up delayed to 2025 and costs increase by US$400 million
- UK government won’t oppose judicial review on decisions to approve Jackdaw and Rosebank
- OMV makes Norway’s largest discovery so far this year
- Is Norway really the answer for disgruntled UK E&Ps?
- Start-up at Eni and Energean's Cassiopea project in Italy
- Norwegian state moves one step closer to re-taking full gas pipeline ownership
- Prospex Energy enters Spain’s largest gas field
- Wood Mackenzie’s UK upstream fiscal model updated in Lens with latest changes to the Energy Profits Levy
- UK FIDs delayed until spring 2025 at the earliest
- Viaro picks up Shell and Exxon’s Southern North Sea assets
- Further fiscal changes on the horizon for UK's upstream industry
- Tenaz acquires NAM's offshore portfolio
- 63 UK onshore blocks relinquished in a week
- Shell and ExxonMobil’s Dutch JV NAM finally sells its offshore assets
- UKCS experiences longest E&A well drought since 1963
- Vermilion Energy produces gas in Croatia for first time
- Waldorf Production UK assets up for sale
- Petrogas commissions its second Dutch gas field of 2024
- Equinor starts Kristin South project in Haltenbanken area
- Labour Party wins UK election with historic majority
- Var Energi makes Cerisa discovery in Norway's Gjøa Area
- Prax grows West of Shetland as TotalEnergies exits
- UK election: will a Labour landslide trigger a North Sea investment drought?
- Carlyle group to buy Energean assets
- Orlen snaps up Atlantis discovery in Norway
- HitecVision completes exit from Var Energi
- Wintershall Dea makes a gas condensate discovery at Cuvette in Norway
- Longboat Energy exits Norway
- What if Euro 2024 was determined by oil and gas output?
- Wood Mackenzie's Europe Upstream Briefings
- Deltic Energy withdraws from Pensacola discovery
- Equinor and Orlen align Eirin and Gina Krog interests in Norway
- UK fiscal uncertainty delays FID on Buchan re-development
- Waldorf Production UK’s holding company appointing administrators
- Can the new Dutch government "scale up" its North Sea gas output?
- ONE-Dyas gets the green light to develop N/5-A
- Var continues disposal programme as Concedo picks up Bøyla Area
- UK general election on 4 July
- New Dutch government to scale up North Sea gas output
- Chevron considers UK upstream exit
- APA 2024 Norwegian licensing round announced
- Eldfisk Nord is Norway’s second start-up of 2024
- Another rejection for Chevron’s Aphrodite development proposal
- Var Energi sells Norne hub assets in Norway to DNO
- Var Energi kicks-off latest Barents Sea exploration campaign with Venus well
- TotalEnergies to decarbonise Elgin-Franklin
- Deltic Energy struggling to find Pensacola farm-in partner
- OKEA submits Brasse FID in Norway
- Serica Energy takes FID on Belinda – the second UK FID of 2024
- Eni combines its UK upstream assets with Ithaca Energy
- Hanz is Norway's first start-up of 2024
- OMV Petrom on the hunt for new partner at highly anticipated Khan Asp a r u h block in Bulgaria
- ONE-Dyas ready to start offshore activity at N/5-A
- Shell announces significant exploration write offs in Albania
- Welchau discovers hydrocarbons but commerciality not confirmed
- Ithaca eyes up potential acquisition of Eni's UK upstream assets
- Equinor’s Heisenberg discovery delineated and Hummer discovered in Norway
- Denmark’s flagship gas hub back online following near two-year delay
- Harbour Energy confirms gas discovery in Norwegian North Sea
- TPAO acquires FPSO for Sakarya Phase Two amid concerns over poor production performance
- BlackRock and GIC exploring options to sell Kellas Midstream
- Anning & Somerville on hold due to UK fiscal uncertainty
- Perenco delivers first North Sea start-up of 2024
- UK extends the Energy Profits Levy (EPL)
- Russia’s Gazprom opens auction for its North Sea assets
- Delving into the subsurface: storage sweet spots in saline aquifers
- ADX Energy spuds exploration well at Austria’s highly anticipated giant Welchau prospect
- UK Labour's tax plan risks wiping out North Sea investment
- Extraction levy allows NAM to resume production at Dutch onshore oil field
- Start-up at Petrogas E&P’s A15 project in the Dutch North Sea
- Eni and TotalEnergies confirm excellent gas appraisal results in Cyprus
- Italy upstream in limbo after court rejects E&A policy framework
- Equinor’s Q4 2023 results: production ambitions extended to 2035 on the back of strong full-year earnings
- UK Labour outlines proposal for further North Sea tax raid
- Norway's DNO to acquire 25% in UK Arran field from ONE-Dyas
- BP cuts Seagull peak production by 40% to 30 kboe/d
- Eni and Vår Energi complete Neptune acquisition
- 24 licences offered in second tranche of 33rd UK oil and gas licensing round
- North Sea upstream: 2023 in review
- Continental Europe upstream: 2023 in review
- Norway's APA 2023 licensing round: Appetite up; is the Barents Sea back (again)?
- UK Offshore Licensing Bill passes to next stage in Parliament
- UK regulator approves Shell’s Victory project – the first of 2024
- UK Offshore Licensing Bill to be debated in parliament
- Groningen provides emergency gas supply amid freezing Dutch weather
- Norwegian ministry approves power from shore plans but hints at difficulties for future projects
- Harbour Energy expands North Sea portfolio with Wintershall Dea deal
- Deal breaks Linnorm project deadlock in the Norwegian Sea
- North Sea upstream: 5 things to look for in 2024
- Continental Europe upstream: 4 things to look for in 2024
- Perenco discovers new gas at old field in Southern North Sea
- Ofelia appraisal success in Norway
- Ping Petroleum farms into Pilot discovery
- Harbour Energy brings Tolmount East onstream in the Southern Gas Basin
- Shetland Gas Plant shut down after safety incident
- Longboat and Concedo strike Norway exploration farm-in deal
- UK government proposes new fiscal measures following consultations with industry
- Serica Energy to acquire 30% stake in Greater Buchan Area licences
- ADNOC reported to be interested in acquiring Wintershall Dea
- What does the Dutch election outcome mean for the Netherlands upstream sector?
- Naftogaz welcomes gas exploration success in western Ukraine
- Orlen reported to be frontrunner in deal for KUFPEC Norway
- November edition of Horizons: Mission invisible: tackling the oil & gas industry’s methane challenge
- INA continues Europe’s onshore E&A resurgence with Croatia discovery
- Who will acquire a 20% interest in Rosebank from Equinor?
- Equinor discovers more gas near Gina Krog
- Lime Petroleum acquires stake in Brasse field, Norway
- UK proposes legislation for offshore licensing rounds
- BP's Seagull field in UK finally onstream
- Eni and TotalEnergies set to spud Cronos-2 appraisal well offshore Cyprus
- First UK CCS licence round results: opportunities and obstacles
- Petro Ventures looks to exit Romania’s Midia Gas Development
- UK offers 27 new licences in 33rd round with more to come
- The Netherlands progresses its first CO 2 transport and storage hub
- Equinor starts Breidablikk ahead of schedule
- ConocoPhillips starts production from Tommeliten Alpha
- Dana Petroleum makes discovery in the Southern Gas Basin
- Labour Party repeats commitment to a proper windfall tax
- Netherlands research trip takeaways
- Netherlands ends production from the giant Groningen gas field
- Controversial Rosebank oil field given the green light by the UK regulator
- New play success in the Balder area and Velocette well disappoints
- FIDs stacking up as Alwyn East gets the go-ahead
- Momentum builds for two UK pre-FID projects
- Sunak speech delivers a reality check for North Sea electrification
- Major Norwegian projects suffer further cost blow-outs
- Equinor submits Norway's first PDO of 2023 with Eirin
- Winners announced in UK 1 st carbon storage licence round
- NEO Energy take FID on Affleck redevelopment in the UK
- BP's Murlach field reaches FID
- The UK's fiscal review
- Ithaca Energy takes sole ownership of Cambo
- Shell and ExxonMobil in talks to sell Dutch JV NAM
- Cypriot government rejects Chevron's updated Aphrodite development plan
- Drilling deferred and capex cancelled as uncertainty lingers
- Exceptional oil quality at Shell’s Shpiragu field confirmed by Albanian Prime Minister
- Wintershall Dea’s Dvalin Area onstream in Norway after delays
- Perenco, Ithaca & Viaro lining up Shell’s UK Southern Gas Basin business
- Equinor makes Crino/Mulder discovery in Norway’s prolific Fram-Troll area
- Perenco awarded CCS licence in the UK’s Southern Gas Basin
- TPAO spuds another exploration well in Türkiye’s East Med territory
- DNO and OKEA select development concept for Brasse
- The UK progresses the Acorn and Viking CCS Clusters
- UK government launches long-term fiscal review (excluding the EPL)
- Chevron completes successful Aphrodite gas appraisal in Cyprus
- Battle lines drawn as UK government progresses offshore licensing & CCUS projects
- Ithaca Energy makes key discovery near Everest
- OMV makes the largest gas discovery in Austria for 40 years
- Dutch government bans new mining licences in the Wadden area
- Aker BP runs into trouble at key Norwegian exploration well
- Carmen confirmed as a large gas discovery in Norway's prolific Troll area
- Doing more with less: is there enough upstream investment?
- Shell’s Pensacola discovery gets resource upgrade
- Teal West granted approval by UK regulator
- Denmark re-opens acreage for mini-licensing round
- Register for our upcoming webinar to find out which Major is winning on emissions and sustainability?
- Norway approves US$30 billion in upstream investments
- Longboat Energy picks up stakes in Statfjord Øst and Sygna from INPEX
- Can the Norwegian Barents Sea help solve Europe's gas crisis?
- Eni and Vår Energi carve up Neptune in US$4.9 billion deal
- Dutch government commits to stopping Groningen gas production from October
- Capricorn Energy to exit the UK North Sea
- London breakfast briefing 2023: upstream, CCUS and corporate
- OMV Petrom and Romgaz take FID on Romania’s Neptun Deep gas megaproject
- Lundin family returns to the Norwegian Continental Shelf
- Labour to ban new licences in the UK if they come to power
- Ireland-focused Barryroe Offshore Energy to wind down business
- West of Shetland exploration - what's next?
- Q2 2023 pre-FID upstream project tracker
- OMV Petrom confirms three new onshore discoveries in Romania
- North Sea upstream electrification tracker: UK risks being left behind as Norway investment ramps up
- UK government introduces EPL price floor – will it kick start investment?
- Harbour and Talos in merger discussions – what are the drivers?
- Eni increases offer to buy Neptune Energy? A Lens snapshot
- Wintershall DEA’s HP/HT Dvalin development delayed ‘indefinitely’ in Norway?
- Chevron submits optimised Aphrodite development plan in Cyprus
- Is fiscal and political uncertainty set to shut down the North Sea?
- Aker BP makes significant oil discovery near Yggdrasil
- UK offers 20 provisional licences in its first carbon bid round
- Equinor’s largest floating wind project (Trollvind) delayed indefinitely
- KUFPEC eyes Norway exit
- Europe and North Sea upstream webinar: upcoming investment themes
- Norway announces APA 2023 licensing round
- Cambo on the market as Shell formally announces exit
- Repsol to acquire remaining 49% of Repsol Sinopec Resources UK
- North Sea Upstream webinar: How to boost production in uncertain times
- Romania to soften its application of EU temporary solidarity contribution
- Chevron spuds critical appraisal well at Cyprus’ giant Aphrodite gas field
- Register for our Europe and North Sea webinar on Wednesday 10 May
- TPAO announces Türkiye’s largest-ever oil discovery
- Longboat Energy and JAPEX form new Norwegian joint venture
- Neptune announces Fenja start-up in Norway
- Norway's Bauge and UK's Pierce start-up
- Kistos enters Norway with US$1 Mime Petroleum takeover
- Türkiye commissions Phase One at its Sakarya gas megaproject in Black Sea
- Register for our in-person New Energies Briefings in Aberdeen and Edinburgh
- NEO Energy picks up stake in Greater Buchan Area
- James Reid, 10 April 2023
- RockRose Energy to farm-in to gas redevelopment project in the UK’s Southern Gas Basin
- Norway awards carbon storage licences to Aker BP and Wintershall Dea
- Vermilion Energy closes acquisition of Equinor’s 36.5% Corrib stake in Ireland
- TAQA terminates the sale of its Dutch assets to Waldorf Production
- UK selects 13 projects in world’s first oil and gas targeted wind lease round
- UK regulators approve first project of 2023 – Harbour’s Talbot
- ADNOC and BP offer to buy 50% of East Med-focused NewMed Energy
- Project Greensand: why it matters for CCUS and what Denmark did right
- Equinor sells down Statfjord Area to OKEA for US$220 million
- Prax to enter upstream via acquisition of UK-based Hurricane Energy
- Global upstream pre-FID tracker: Europe sits quietly in the class of 2023
- Aker BP cancel basement Troldhaugen project but turn Frosk taps on
- Aker BP turns the taps on at Frosk
- Equinor cooks up Heisenberg discovery in the prolific Troll Area
- Equinor doubles down at Rosebank as Suncor exits the UK
- Wellesley Petroleum monetises Norwegian discoveries
- CNR announces acceleration of decommissioning at Ninian
- James Reid, 6 March 2023
- One year on from Russia’s invasion, Ukraine’s upstream sector remains impressively resilient
- Hungary boosts domestic gas supply with unconventional Corvinus project
- Global Upstream Update: the biggest issues in upstream revisited
- Equinor makes seventh discovery in Troll Area
- Devastating earthquakes in Türkiye and Syria put energy infrastructure at risk
- Shell discovers gas at Pensacola in the UK's Southern North Sea
- Var Energi and Equinor pull out of Barents Blue ammonia plans
- North Sea upstream webinar: the key things to look for in 2023
- Wells to watch in 1H 2023
- Norway's tax package ends with a bang - but was it a success?
- Netherlands sticks to Groningen wind-down schedule, despite delays to critical infrastructure
- Upstream operators assess the impact of EU windfall tax
- Equinor makes Norway’s first discovery of 2023 at Obelix Upflank prospect
- Continental Europe upstream: 2022 in review
- Norway's APA 2022 licensing round: sustained appetite, but non-Norwegian operators continue exploration retreat
- Norway opens applications for sixth carbon storage licence
- Equinor rumoured to be buying Suncor's UK upstream business
- Equinor and RWE form hydrogen partnership
- Norway’s temporary tax window ends with a flurry of FIDs
- Türkiye increases Black Sea gas resources with Çaycuma discovery and Sakarya upgrade
- Njord restarts in Norway after two-year delay
- Vår Energi makes Lupa gas discovery in the Barents Sea
- Beacon Energy acquires German onshore producer Rhein Petroleum
- ADNOC acquires stake in OMV from Mubadala
- Eni makes third gas discovery offshore Cyprus with Zeus-1 well
- Serica set to acquire Tailwind Energy for £367 million
- TPAO continues its onshore Türkiye oil exploration success
- Energy Profits Levy improves West of Shetlands electrification commerciality
- Continental Europe upstream: 5 things to look for in 2023
- Global Upstream Update - December 2022
- Norwegian Sea developments and exploration success
- TPAO spuds Türkiye’s latest East Mediterranean exploration well
- Europe gas market outlook
- Eni to buy Neptune Energy? A Lens snapshot
- Webinar: Europe Upstream - things to look for in 2023
- Norway government postpones ‘frontier’ licensing round
- Shell to launch sale of ETAP Area fields
- North Sea upstream: 5 things to look for in 2023
- Windfall taxes: the search for a smart policy
- Equinor gives Irpa gas development the greenlight
- UK government increases – and extends – the Energy Profits Levy
- Wintershall Dea submits Maria development plan
- Hywind Tampen provides first power to Gullfaks Area in Norway
- Ithaca starts production at Abigail
- Equinor postpones giant Wisting project in the Barents Sea
- Ithaca Energy completes London IPO
- UK government rumoured to increase – and extend – the Energy Profits Levy
- Netherlands announces retrospective upstream tax increase for 2022
- PKN Orlen-PGNiG merger finalises Poland’s consolidation of state energy firms
- OMV makes Oswig gas-condensate discovery near Oseberg
- Equinor expands in European solar with BeGreen acquisition
- TPAO spuds Türkiye’s latest deepwater Black Sea exploration well
- Italy’s new government hopes to double domestic gas production
- New UK Prime Minister to reintroduce shale gas ban
- OMV receives unsolicited bid for stake in upstream business
- Global Upstream Update – catch up on our favourite slides and topics
- Ithaca Energy nears London IPO
- Equinor reported as a potential bidder for CNOOC’s UK upstream business
- Sleipner CCS: an introduction to Wood Mackenzie CCUS valuations and economics
- Who will drive North Sea decarbonisation?
- UK exploration's last dance: can allowances and a new licensing round boost activity?
- Shell and ExxonMobil looking to divest from the Southern North Sea
- Norway tweaks the temporary tax package
- Shell to buy Corallian Energy (including the Victory gas development) for £32 million
- NSTA launches 33 rd offshore licensing round in the UK
- Waldorf enters the Netherlands with TAQA and Dana Petroleum deals
- ONE-Dyas takes FID on cross-border N/5-A offshore gas field in Netherlands/Germany
- INEOS sanctions Solsort development in Denmark
- UK government releases climate compatibility checkpoint
- UK Government looks to fast-track North Sea developments
- UK lifts fracking ban as BGS publishes report on associated seismic activity – the WoodMac view
- Var Energi updates on Balder X cost blowout and delays
- Can Norway maintain its role as an oil and gas supplier of choice?
- Trillion Energy begins new Black Sea development drilling in Turkey
- Copernicus exploration disappointment for PGNiG
- North Sea upstream webinar: electrification, emissions targets and the companies that can drive change
- Evelyn comes onstream early
- Shell and ExxonMobil’s NAM JV to begin Dutch asset divestments
- Europe and the North Sea webinar: energy security, cost inflation and fiscal disruption
- UK energy exports and shale gas: aspiration or pipedream?
- Third UK FID of 2022 as Talbot gets the green light
- Neptune makes Ofelia discovery near its prolific Gjøa hub in Norway
- Eni makes large gas discovery with Cronos-1 well in Cyprus
- Shell launches sale of Cambo stake - who could be the buyer?
- Newt discovery continues exploration success in the Skarv Area
- Aker BP submits Trell & Trine PDO in Norway
- Türkiye spuds East Mediterranean exploration well with new Abdulhamid Han drillship
- Lime Petroleum acquires 10% stake in Yme from KUFPEC
- European gas supply sources: a compelling case for renewed shale exploration
- Equinor files Rosebank Environmental Statement in the UK's West of Shetland
- What is driving offshore wind as a North Sea upstream decarbonisation solution?
- Suncor exits Norway to PE-backed Sval Energi
- Poland advances consolidation of state energy companies into PKN Orlen
- Tyra development sees a six-month delay and cost increase
- ExxonMobil completes US$1.06 billion exit from Romania’s Neptun Deep megaproject
- Nova onstream after one year delay
- TotalEnergies exits Greek deepwater exploration licences, but ExxonMobil remains
- What can we learn from recent North Sea project delivery?
- Serica Energy and Kistos reach stand-off over potential North Sea merger - UPDATE
- Netherlands plans to accelerate North Sea gas production amid supply crisis
- Waldorf Production adds Alpha Petroleum to latest string of deals
- Shell shelves Linnorm development in the Norwegian Sea - UPDATE
- TAQA looks to sell its Netherlands portfolio – who might buy?
- Success near Skarv with the Storjo East discovery
- Boris Johnson resigns as UK prime minister, a reign which coincided with a tumultuous period for the North Sea
- Norway government stops strike action and safeguards gas exports
- Aker BP completes Lundin Energy acquisition to become the leading North Sea E&P
- Shell shelves Linnorm development in the Norwegian Sea
- Equinor proposes its largest floating wind project - Trollvind
- Norway launches its awards in pre-defined areas (APA) 2022 licensing round
- First carbon licensing round launched in UK
- Ithaca Energy eyes UK IPO
- James Reid, 21 June 2022
- Romania’s Midia Gas Development starts production in Black Sea
- The UK’s Energy Profits Levy (EPL) is now in Lens – who are the winners and losers?
- Shell's Jackdaw receives green light to proceed
- Netherlands approves N05-A gas development in cross-border GEMS Area with Germany
- ConocoPhillips lowers Slagugle resource estimate
- OKEA acquires Norwegian asset package from Wintershall Dea for US$117.5 million
- UK government swoops on North Sea windfall profits
- Equinor submits plan for development and operation (PDO) for the Halten East area development
- Eni and TotalEnergies set to spud Cronos-1 exploration well offshore Cyprus
- Equinor discovers oil near Johan Castberg in Norway’s Barents Sea
- TPAO’s newest drillship arrives in Turkey
- Romania’s parliament approves fiscal and regulatory reforms for Black Sea gas
- Snøhvit LNG almost ready for start-up
- Two more carbon storage licences awarded in the UK
- Eldfisk Nord plan for development and operation (PDO) submitted by ConocoPhillips
- NSTA corporate plan focuses on security of supply and emissions reduction
- Sval Energi grabs stakes in Martin Linge and Greater Ekofisk Area from Equinor for US$1 billion
- Success for Petrogas with UK’s Birgitta appraisal well
- Aker BP takes operatorship of entire NOAKA development
- North Sea Transition Authority bullish on upcoming projects
- ExxonMobil exits Romania with US$1.06 billion sale of Neptun Deep stake to Romgaz
- Neptune Energy confirms Hamlet discovery, near Gjøa in Norway
- First gas at Harbour Energy’s Tolmount field, UK
- Greece promotes renewed exploration to reduce Russian gas dependence
- Romania’s government submits key fiscal and regulatory reforms to parliament
- Norway's government puts proposed terms to parliament
- British Energy Security Strategy encourages North Sea resurgence
- Ithaca Energy agrees to acquire Siccar Point for US$1.5 billion
- Norway’s carbon licence activity ramps up
- Ukraine reforms its onshore gas royalty rates
- Equinor makes Kveikje discovery as prolific Troll and Fram area delivers again
- CNOOC looks to exit UK upstream business
- Ithaca Energy buys Summit Exploration and Production’s North Sea business
- How much more oil and gas can the North Sea produce?
- MOL to exit UK as Waldorf acquires portfolio
- The North Sea spared windfall tax in UK mini-budget
- Shell spuds much-anticipated Edinburgh well in UK
- Success for ExxonMobil in Cyprus with appraisal of giant Glaucus gas field
- Proposed new Groningen production cap lower than expected
- Saturn Banks is first UK start-up of 2022
- Increase in production cap allows Norway to maintain high has exports to Europe
- What options does Europe have to diversify gas supply?
- ONE-Dyas’s upstream exit begins with sale of its Norwegian business to Pandion Energy
- The importance of Ukraine's upstream and midstream
- Russia/Ukraine conflict – Wood Mackenzie’s energy sector analysis
- Oil and gas focused offshore wind round announced for the UK
- Equinor enters into FEED at Rosebank – will it finally be sanctioned?
- TPAO spuds Turkey’s latest deepwater exploration well in Black Sea
- Shell seeks exit from UK Southern North Sea
- Will Waldorf acquire ONE-Dyas’ UK and Dutch business?
- Eni and HitecVision take Var Energi public
- Italy approves new policy framework for future licensing and exploration
- Wells to watch 2022 insight – which are Europe’s most hotly anticipated?
- TPAO completes successful Sakarya appraisal well tests in Black Sea
- TotalEnergies farms down interest in Greater Laggan Area to Kistos
- Dry hole for Eni and NOVATEK at offshore Montenegro exploration well
- Upstream research 2021 highlights: rebounding prices, fiscal challenges and hidden gems
- ConocoPhillips looks to offshore wind for Ekofisk area electrification
- Vår Energi plans Oslo IPO
- Suncor to sell its Norwegian business?
- Abigail is first North Sea FID of 2022
- Continental Europe upstream: 2021 in review
- Norway’s APA 2021 licensing round: Sustained appetite but pool of explorers shrinking
- North Sea upstream: 2021 in review
- Aker BP buys Lundin Energy: what next for the 'super' independent?
- Equinor downgrades reserves at Mariner
- Green Volt seeks to electrify Buzzard by 2026
- Equinor makes Toppand oil discovery, adding more volumes to the ‘FANTA’ development
- Dutch government considers increase to Groningen production cap
- Aker BP buys Lundin Energy to create 'super' Norwegian independent
- North Sea upstream webinar: the key things to look for in 2022
- Centrica-owned Spirit Energy exits Norway to Sval Energi
- Romgaz shareholders approve deal for ExxonMobil’s stake in Romania’s giant Neptun Deep project
- Further delays and downgrade at Tolmount
- OMV Petrom announces ambitious gas and energy transition strategy
- Register for our North Sea webinar: things to look for in 2022
- Cyprus awards Block 5 exploration licence to ExxonMobil and QatarEnergy
- BP acquires JX Nippon’s interests in the Andrew Area
- Shell pulls out of Siccar Point’s Cambo development
- So, what next for Cambo?
- PE-backed NEO Energy strikes again as JX Nippon exits the UK
- Equinor exits Ireland with US$434 million Corrib sale to Vermilion Energy
- Neptune requests takeover bids and Lundin mulls over potential sale
- First oil flows at Buzzard Phase II
- Equinor sanctions electrification and Gas Capacity Upgrade at Oseberg in Norway
- Parkmead and CalEnergy take impairment on UK’s Platypus
- Serica Energy brings Columbus onstream in the UK
- Fujairah reportedly defaults on UK Brae Complex
- North Sea upstream: 5 things to look for in 2022
- Neptune Energy offloads non-core asset stakes to M Vest and OKEA in Norway for US$35 million
- First Minister calls for Cambo project to not get the greenlight
- Beyond Oil and Gas Alliance (BOGA) launches at COP26
- Aker and BP sell 5% in Aker BP through private placement
- Delek-owned Ithaca acquires Marubeni's UK portfolio
- Private equity in upstream: views from the inside
- ConocoPhillips reaches FID at Tommeliten Alpha
- UK government goes big on CCS with £1 billion cluster investment
- INPEX acquires majority 50.5% stake in Idemitsu Norway
- Producing nearly 30 kboed, the business comes with growth options
- The deal highlights Japanese E&Ps are at a crossroads in upstream
- Owners hint at IPO as Vår Energi undergoes a strategic review
- Lundin acquires OMV’s 25% interest in Wisting in the Norwegian Barents Sea
- Shell and ExxonMobil’s NAM JV to offload non-core Netherlands fields
- Wood Mackenzie Global Energy Summit 2021 Upstream Focus Day
- Equinor makes oil discovery at Egyptian Vulture in Norway
- ExxonMobil agrees terms with Romgaz to sell its stake in Romania’s giant Neptun Deep project
- Bumper week for North Sea start-ups
- Balder Future, Johan Castberg and Njord Future delayed in Norway
- UK government announces first two CCS clusters to receive funding
- Phase One supply chain contracts awarded at Turkey’s giant Sakarya gas field
- Shell’s Jackdaw proposals grounded
- European gas: will there be enough supply this winter to meet demand?
- Lundin Energy brings Solveig onstream in Norway
- Norway's upstream investment surge: can the supply chain cope?
- Groningen production cap confirmed for its final gas year to September 2022
- TotalEnergies delays FID at two Danish oil fields
- Aker BP sanctions the Frosk development in Norway
- First production delayed at Romania’s Midia Gas Development in Black Sea
- Shell sanctions Ormen Lange Subsea Compression Project in Norway
- Further appraisal success at Dugong and Lille Prinsen in Norway
- Implications for the oil and gas sector as Labour wins election in Norway
- Marubeni’s North Sea exit edges closer with rumoured Ithaca deal
- Netherlands CCS: Shell and TotalEnergies firm up timeline for Aramis project
- Could Harbour-Neptune be the next North Sea hook-up?
- Ithaca Energy makes first UK discovery of 2021
- Wintershall Dea upgrades resources at Bergknapp in Norway following successful appraisal
- TAQA to sell oil and gas assets?
- Electrification plans delay timeline for Jersey Oil and Gas’ Buchan redevelopment
- Equinor brings Troll Phase 3 onstream in Norway
- Neptune brings Duva onstream less than five years from discovery in Norway
- UK faces a challenging winter as gas production falls 32%
- UK Government under pressure to reassess greenfield oil and gas
- How platform electrification is decarbonising the North Sea
- Ping Petroleum doubles down on UK’s Avalon field
- TPAO enjoys well test success at Turkey’s giant Sakarya discovery in Black Sea
- Equinor agrees swap deal with PE-backed Wellesley Petroleum in Norway
- Neptune Energy and partners receive EUR 3.6 million subsidy for Netherlands’ PosHYdon offshore green hydrogen pilot
- UK's Tolmount start-up delayed to year end
- Greenland bans new exploration licences and turns focus to hydro
- Vår Energi's Balder Future project delayed in Norway
- Equinor brings Martin Linge onstream after a five-year delay in Norway
- Aker BP and Equinor sanction subsea tie-backs in Norway
- Shell pre-empts Tailwind’s Shearwater deal
- European Bank for Reconstruction and Development (EBRD) will end upstream financing
- Eight companies are awarded license interests in Norway's 25th licensing round
- Lime Petroleum acquires Repsol’s interest in Brage in Norway
- Vår Energi makes oil and gas discoveries near Balder & Ringhorne in Norway
- Black Sea upstream – Turkey's latest discovery boosts deepwater momentum
- Equinor’s 2021 Capital Markets Day round-up
- Decommissioning in the UK - is the sector ready?
- North Sea upstream – June 2021 webinar
- Norway launches its awards in pre-defined areas (APA) 2021 licensing round
- Turkey makes another multi-tcf gas discovery in the Black Sea, close to Sakarya
- Norwegian exploration continues its recent renaissance
- OKEA sanctions Hasselmus in Norwegian Sea
- Energy transition in action for Euro Majors
- Private equity developments: Tailwind buys from BP while Neptune mulls monetisation options
- UK's Forties Pipeline System goes offline for a month
- Naftogaz remains committed to Ukraine growth strategy, despite CEO change
- Wintershall Dea finds 114 mmboe of gas and condensate near Dvalin in Norway
- Spain becomes latest European country to ban future E&P
- Poland intends to complete consolidation of state energy companies by year-end
- Porthos CCS project granted 2 billion of subsidies in the Netherlands
- Why the Majors are still betting on UK exploration
- Neptune Energy snaps up interest in UK’s Pegasus West discovery
- Progress towards net zero goal is highlight of Lundin results call
- End of an era: Brent ceases production, highlighting UK sector’s maturity
- BP's upstream wind-down: what could it mean for the North Sea?
- EnQuest snaps up Bentley - one of the UK’s heaviest oil fields - from Whalsay Energy
- UK North Sea Transition Deal: setting the course for a net zero basin
- Second farm-out agreement falls through at Ireland’s Barryroe oil field
- BP suspends production at UK’s Foinaven
- Norwegian exploration reaching near decade-level highs
- TPAO spuds new Black Sea exploration well near world-class Sakarya discovery
- Total-operated Tempa Rossa resumes production in Italy after unplanned downtime
- Ithaca Energy takes FID on Captain EOR Stage 2 in UK’s Moray Firth
- Podcast: North Sea M&A activity ramps up
- Romgaz submits sole bid for ExxonMobil’s stake in Romania’s giant Neptun Deep project
- Tailwind Energy acquires Decipher Energy in sixth UK deal of 2021
- TotalEnergies rebrand: how do we expect Total's global upstream portfolio to evolve?
- PGNiG strikes again as INEOS exits Norway for US$615 million
- North Sea M&A kicks off 2021 with a bang – but will it continue?
- Eni and NOVATEK start drilling offshore Montenegro wildcat
- A triumphant Q1 for Equinor-led Norwegian exploration with a further discovery at Blasto
- North Sea upstream webinar: the state of play
- BP planning UK’s largest blue hydrogen project
- NEO acquires Zennor for US$625 million
- INEOS acquires Hess' Denmark assets
- A Lens overview of Cairn’s recent UK and Egypt transactions
- Ukraine targets gas self-sufficiency by 2030
- Kistos enters Dutch upstream with maiden acquisition of Tulip Oil
- Norway’s total carbon price to exceed US$260/tonne by 2030: implications for upstream value
- Cyprus and Israel agree on a framework to unitise Aphrodite
- Equinor makes discovery at Isflak in the Norwegian Barents Sea
- Equinor sanctions brownfield project at Åsgard - the first Norwegian FID of 2021
- The recent revival of the UK’s Jurassic HP/HT play
- UK M&A accelerates as NEO and Waldorf announce acquisitions
- Podcast: Italy's upstream outlook in the spotlight
- ExxonMobil sells UK assets to NEO Energy for over US$1bn
- Seven companies apply for ‘frontier’ acreage in Norway’s 25th licensing round
- Netherlands launches its first multi-operator decommissioning campaign
- How will UK M&A rebound in 2021?
- Evelyn becomes first North Sea FID of 2021
- Fiscal reforms will smooth transition of the Netherlands’ ultra-mature upstream sector
- Equinor’s Q4 2020 results: Johan Sverdrup reaches payback 16 months after first oil
- All change in Italy – exploration moratorium ends and new government forms
- Podcast: A look back at Europe's upstream in 2020
- Revised Oil and Gas Authority strategy comes into effect
- Equinor makes first Norwegian discovery of 2021 at Røver Nord in the Troll area
- Global exploration delivers in 2020 – the North Sea plays its part
- TPAO continues Sakarya appraisal and considers partners for its Black Sea giant
- EnQuest buys Suncor's stake in Golden Eagle Area for US$325 million
- OMV Petrom reports resilient 2020 results and signals 2021 as crucial year in Black Sea
- Ireland moves to ban future licensing
- In memoriam of Hans Christen Rønnevik (1945-2021)
- KNOC set to sell North Sea asset package
- Norway’s Lundin Energy brings its net zero target forward to 2025
- Ukraine grants Naftogaz offshore Black Sea blocks without competition
- PE-backed NEO Energy set to acquire UK portfolio from ExxonMobil
- What next for the Majors in the UK as BP looks to offload assets?
- Norway’s APA 2020 licensing round: strong turnout despite price crash
- Vermilion Energy emphasises European investment in 2021 budget
- Wintershall Noordzee brings Dutch Sillimanite South discovery onstream
- Lots to look for in European exploration in 2021
- Norway’s carbon taxes are set to rise
- Sval Energi to acquire Edison’s Norwegian portfolio for US$300 million
- i3 Energy relinquishes Liberator in UK’s Moray Firth

Tables and charts

This report includes 386 images and tables including:

Sullom Voe Terminal liquids processing capacity and throughput forecast
APA 2024: awarded licences by operator and commitment wells

Cyprus – Electra-1 exploration well location
Norway exploration performance 2015 -2024
Map of recent exploration activity in the Norwegian Barents Sea
Orlen Group Upstream & Supply strategic targets
Orlen’s Europe gas production against its 10 bcm 2035 target
NIS Serbia production and investment outlook
Troll share of Norway gas supply and European gas demand*
Current J-Area production forecast
Bulgaria's Black Sea map
Potential contribution of Glengorm, Cheviot & Peel to economically viable UKCS production
Harbour net capex (excluding abandonment)
Bulgaria's Black Sea map
Sakarya production and capital expenditure
Romania’s Black Sea map
Gassled, Nyhamna and Polarled pipeline network
UK National Grid power generation (GW)
Forties and MonArb Area production forecast
Wolin concession map
Baker discovery map
Sval Energi production by area
Gilderoy discovery map
Germany remaining value by company (NPV10, 1 Jan 2025)
Rockrose net remaining resource by field
Possible Harald production outlook with HEMJ
Romania and Netherlands gas production
Harbour 2024 production (post-Wintershall Dea deal completion)
Production forecast (net to Harbour) by asset
Yme historic production expectation vs current production expectation
Largest gas fields within 12 nautical miles of the coast
Hungary 2024 licensing round – concessions on offer
Abbey, Baker, and Selene well locations
Ravenna CCS phase 1 will store emissions from Eni's Casalborsetti gas treatment plant
Aphrodite production and capital expenditure
Impact of 1 year delay on investment from fields justified for development
Jackdaw and Rosebank development costs by year
Select UK North Sea producers S&P rating*
Top 10 UK producers (based on 2025 forecast)
Average UK & Norway implied long-term oil prices (ILTOPs*) of Upstream deals
Map of Pipeline Infrastructure held under the Gassled, Nyhamna and Polarled JVs
Spain gas production by field
Viaro UK production plus Shell/Exxon Southern North Sea assets
Onshore blocks relinquished on 20 July 2024
Netherlands – top 10 companies by net offshore production in 2024
Remaining gas reserves by field in Croatia
A&B Shallow gas fields production profile
Haltenbanken Vest Unit production
Gjoa Area discovered resources
TotalEnergies UK production
Prax UK production
Orlen net Norwegian production
Production vs reserves - top 15 producing nations represented in Euro 2024
Germany vs UK production
Romania vs Ukraine* resources by company
Netherlands largest start-ups over last decade
Netherlands E&A activity
Norway APA 2024 acreage
Cyprus - proposed development concepts
Poduri potential gas production profiles
Serica net remaining resource by field
Bulgaria's Khan Asparuh block
Netherlands largest start-ups over last decade
Norway's discovered resources since 2019
Map of Danish oil and gas sector with Tyra hub highlighted (turquoise)
Danish gas production vs gas demand
Harbour Energy's planned E&A wells post Wintershall dea acquisition
Sakarya expected production capacity versus actual production
CATS, HGS & ETS throughput
Perenco UK Southern Gas Basin production profile
Gazprom International's key North Sea fields by remaining present value (US$M)
Stø reservoir structure map
Composite CRS map of Stø aquifer
Northwest Austria - Welchau-1 location
Schoonebeek redevelopment cash flow and production profile
A&B Shallow gas fields production profile
Cyprus – development concepts for deepwater gas discoveries
PiTESAI map of suitable and not suitable areas
Equinor Norway Net Production Outlook
NSTA licensing round second tranche awards
Norway APA licence round awards by region
APA 2023: awarded licences operator and commitment wells
Shell UK Production
UK supply and demand outlook
Intensity of UK gas suppliers*
Total emissions and intensity forecast of Draugen and Njord Area
Gjøa hub production outlook
Tolmount Area production profile
Pipeline throughput at Shetland Gas Plant
Ukraine - Location of Carpathian basin
Croatia onshore gas production profile
Scope 1 & 2 emissions intensity of producing Norwegian fields (2023-2050)
Lime Petroleum commercial production
Discovered resource from past decade of bid rounds vs existing acreage
Seagull production contribution to ETAP hub
Cyprus – development concepts for deepwater gas discoveries
Midia Gas Development production profile
Porthos CCS project value chain
Breidablikk Lens snapshot
Tommeliten Alpha production profile
UK Southern Gas Basin discoveries in 2023
Map of the Norma and Velocette discovery locations
Pilot and Pilot South
Marigold Area
Revisions to the cost and start-up dates for select Norwegian projects
Gina Krog with Eirin gas production
Summary of awarded licence acreage
Licence ownership in northern North Sea
Licence ownership in central North Sea
Licence ownership in southern North Sea
NEO Energy UK production by development status
Murlach map
UK marginal oil and gas tax rate since 1970
Netherlands - net offshore production by company in 2023
Albania – Shell and Eni acreage
Wintershall Dea Norway production
Perenco and Wintershall Dea carbon storage licences
Türkiye - Akseki-1 exploration well location and maritime border disputes
UK CCS cluster capacity build-up
Aphrodite - expected development concept
Austria discovered resources
Map of the Wadden area
Map of Rondeslottet exploration well location
Carmen discovered resource estimates
Indicative production outlook from Troll-Fram Area discoveries
Anasuria Cluster production profile
Map of Denmark upstream assets and acreage area on offer
Upstream capex sanctioned in 2022
Can the Norwegian Barents Sea help solve Europe's gas crisis?
Groningen gas production
Capricorn Energy's UK acreage including prospects
Black Sea - Neptun Deep location
Oil and gas supply-demand 2023-2050
Ireland - Barryroe oil field
UK’s 33rd licensing round – a visual summary
Final investment decisions in 2023
Romania - discovered resources (new fields)
North Sea upstream electrification capex sanctioned
WM Brent price forecast v EPL trigger
WM NBP price forecast v EPL trigger
W Dea International production
W Dea Norway production
Aphrodite production and capital expenditure
Economics of UK pre-FID projects by fiscal scenario*
Yggdrasil production with Øst Frigg Beta/Epsilon
Provisional license awards
Norway oil and gas electrification project map by status
Norway average upstream emissions intensity by company (2023-2030)
2023 Norway Awards in Predefined Areas
Cambo oil production as a percentage of total UK oil production
RSRUK production profile
Romania - valuation impact of changes (remaining NPV10 at start-2023)
Cyprus - development concepts for deepwater gas discoveries
Türkiye (Turkey) - Şehit Aybüke Yalçın oil discovery
Partnership split of selected Norwegian upstream projects
Norway - Njord area
Njord Area production profile
Pierce production profile
Kistos production profile
Sakarya production and capital expenditure
Top 10 UK pre-FID projects by resource
RockRose production profile
CCUS licences
Waldorf Production - M&A deal spend
Map of awarded INTOG wind licenses, oil and gas fields and relevant operators
INTOG awards by company, proposed capacity, option fee and licence category
Top 10 pre-FID projects by resource v Talbot
NewMed Energy asset value (remaining NPV10 at start-2023)
WoodMac assumed consideration v valuation
Global pre-FID tracker: Class of 2023 Emission Intensity vs. IRR
Norway discovered resources
Deal valuation by fiscal scenario v consideration paid
Deal summary
Ukraine - raw gas production
Hungary - Nyékpuszta field (Corvinus project)
Summary of 'FANTA' discoveries
Southeast Türkiye (Turkey) - upstream and midstream overview
Barents Blue project location with surrounding fields, licences and infrastructure
Europe wells to watch 2023
Continental Europe - EU solidarity contribution (by country) and other windfall measures
Norway - Obelix Upflank discovery area
APA 2022: awarded licences and commitment wells
Norway's CCS licences
Equinor and Suncor (UK assets) remaining NPV10 and resources
Equinor and RWE form hydrogen partnership
List of tax window projects
Black Sea - Çaycuma discovery
Map of Njord Area
Norwegian oil and gas discoveries in 2022
East Mediterranean – Zeus-1 gas discovery location
Türkiye (Turkey) - Şehit Esma Çevik oil discovery
Impact of electrification on Rosebank NPV10 valuation*
North Sea: further fiscal disruption places future investment at risk
Verdande Area map
Türkiye - Taşucu-1 exploration well location
Europe gas at a glance
Frontier licence round awards
Norway exploration drilling (2011 to 2022)
ETAP Area map
Recent changes and proposals
Maria production profile
Hywind Tampen carbon emissions savings
UKCS profits (2022 - 2028)
Netherlands - impact of 'windfall tax' changes on government share in 2022-24
Production by company
Production by country
Türkiye (Turkey) - Çaycuma-1 exploration well
OMV upstream portfolio value (NPV10 at January 2023)
Global exploration metrics (indexed to 2013)
Ithaca production by status and emission intensity
Summary of Equinor plus CNOOC International
Sleipner CCS
NOAKA and Wisting IRR
NOAKA and Wisting Brent breakeven (NPV10)
Victory location map with the nearby Clair field and infrastructure
The UK's 33rd offshore licensing round - a visual summary
Waldorf's Netherlands production outlook
Map of INEOS's upstream assets in Denmark
UK emissions profile (base case) versus North Sea reduction targets
Field Resources
Balder X NPV10 and IRR
Balder X production profile
Turkey - SASB offshore gas project
Total volumes discovered in Norway (2011-2022)
Evelyn production profile
NAM Netherlands assets up for sale
J-Area production profile
Gjøa Area production
Aker BP's 2022 Skarv Area exploration wells.
Alvheim hub production outlook
Türkiye - Yörükler-1 exploration well location
Lime Petroleum production outlook
Production by company
Production by country
Neptun Deep - production and capital expenditure outlook (gross basis)
Gjøa hub production forecast
ExxonMobil – East Mediterranean exploration blocks
Netherlands onshore versus offshore gas production
Waldorf Production’s production profile including Alpha Petroleum and combined net cash flow
Linnorm production profile by concept
TAQA Netherlands cash flow
Skarv area sales gas production outlook and FPSO gas processing capacity
Strike action: potential cumulative production shut-down
Aker BP production (2021-2030)
Shell Norway production (2021-2030)
Emissions forecast for the Oseberg and Troll fields, including Trollvind potential savings
2022 Norway Awards in Predefined Areas
UK awarded and open carbon licence areas
Midia Gas Development production
Value transferred versus reinvestment rates
Shell's global pre-FID portfolio
Top 10 pre-FID gas fields by resource
N05-A development (cross-border GEMS Area (Netherlands-Germany))
Norway appraisal resource adjustments (2021-2022 YTD)
NCS upstream projects with an FID date expected in 2022
Cyprus – Cronos-1 exploration well location
Commercial and economically viable success rates
Turkey’s disputed territorial claim in East Mediterranean
Romania - offshore gas excess revenue tax
Norway and Snohvit production
UK awarded carbon storage licences
NCS upstream projects with an FID date expected in 2022
UK absolute emissions and production profile
Sval Energi’s production forecast and associated deals
Birgitta discovery map
Largest greenfield North Sea developments with FID date post 2010
Pre-FID greenfield project potential, 2022-2024
Romania – Neptun Deep and other Black Sea fields
Tolmount gas production and percentage of UK gas demand
Greece - priority areas for exploration
Romania - offshore gas excess revenue tax
Proposed vs existing terms
Emissions intensity of top UK gas importers
Ithaca Energy’s production profile including Siccar Point split by development status
Norway’s recent carbon licence activity
Ukraine - onshore gas royalty rates
Impact of new royalty rate thresholds
Troll and Fram area discoveries
CNOOC UK production by field
Impact of acquisition on Ithaca’s production profile
UK liquids supply and demand ranges
UK gas supply and demand ranges
Waldorf production profile
UK company cash flow versus government share
UK number of wells and discovered resources by reservoir age
Cyprus - Glaucus gas field
Groningen production
Saturn Banks production profile
INTOG licence areas and potential electrification candidates*
Equinor pre-FID portfolio: IRR v breakeven v NPV10
Turkey - Karasu-1 exploration well
Shell's UK Southern North Sea production and cash flow
Combined Waldorf and ONE-Dyas production profile
Combined Waldorf and ONE-Dyas cash flow
Italy - onshore and offshore licences
Europe wells to watch 2022
Production performance at Laggan, Tormore, Edradour and Glenlivet
Kistos production profile
Montenegro - Eni and NOVATEK wells
North Sea electrification projects capex and emissions saved
Suncor Norway (production v cash flow)
Suncor: strategic fit of upstream regions
APA 2021: awarded licences
2021 Norway discovered resources by company
Post-transaction portfolio by capex, equity and NPV10
FANTA discoveries and prospects near Troll
Black Sea - key upstream activity
OMV Petrom investment diversification plans
Cyprus Block 5 location
Corrib location
Production outlook (2020-2030)
Upstream value (NPV10)
M Vest net production following deal
Idemitsu Norway production by field
Idemitsu Norway cash flow at LT US$50/bbl
Production: 2021-2030 by status
Cash flow: 2021-2030 at US$50/bbl long-term
NAM Netherlands assets up for sale
Norway discovered resource by basin
Sakarya production
Number of start-ups in Norway
Groningen production: 1970-2022
Midia Gas Development
Proposal vs. existing terms summary
Project cash flow: non-taxpayer
Project IRR: non-taxpayer vs. taxpayer
Ithaca and Marubeni’s North Sea production
TAQA's oil and gas portfolio by country
Global upstream projects brought onstream since 2010 by IRR
Timescales for development of Norwegian subsea tie backs: from discovery to first production
Monthly UK production YTD
Norway start-ups by initial reserves
25th licensing round: awarded licenses
Commercial and economically viable success rates in Norway
2021 Awards in Predefined Areas
North Sakarya discovery (Amasra-1 well) map
Exploration value creation in Norway at US$50/bbl and US$70/bbl
Number of FIDs in Norway
Relative global emissions intensity of the top 20 North Sea producers (2021)
Forties Pipeline System map and throughput
Naftogaz’ Black Sea blocks
Total Norway volumes discovered (2011-2021)
Poland energy consolidation – planned all-share transaction structure
UK exploration wells by Majors
Neptune Energy UK production by field
Top 10 UK heavy oil fields following deal completion
Discovered resource and resource per well by basin in Norway
Tailwind Energy production with addition of Orlando
PGNiG Norwegian gas production
UK and Norway implied long term oil prices
Eni and NOVATEK wells
Total Norway volumes discovered (2011 – 2021)
UK gas production (2027 - 2048)
INEOS production by country
Tulip Oil Netherlands production outlook
UK discovered resources by reservoir period
Applications for acreage in recent Norwegian frontier licensing rounds
2021 UK M&A deal pipeline
North Sea FIDs
Payback of major projects brought onstream since 2010 (post-tax, undiscounted)
Norwegian fields with Etive, Oseberg and Drake formation reservoirs
Map of North Sea commercial and economically viable discoveries in 2020
Black Sea upstream
KNOC North Sea asset package (production v cash flow)
Euro Majors' production profiles - 2015 forecast vs today
APA 2020: awarded licences and commitment wells
Top 10 companies by licence awards
APA 2013-2020: comparison of past results
Europe discovered resource by product type